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Gold/Mining/Energy : Mongolia Gold Resources -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (2827)	11/17/1998 11:46:00 PM
From: d:oug	Respond to of 4066

Bob, easy for posters to make predictions on a rapid fall in demand for silver. The facts are simple and straight forward, and you can even use common sence. For example, with the price of computer memory very low, and the amount of memory packaged inside a small area very high, then the ability to make a camera with excellent capabilities, coupled with present excellent printers, all at a low cost, then replace those old cameras with new. Soon, for those with an income above average, it will happen. But lets go to these countries, that some say will lag behind, for example USA, in the switch over. For example, China. Project 3 or 5 or 10 years in the future, and with conditions that all went well economically for the country. Now assume over 80% of population has a good income, such that to exchange old silver based camera for electronic version is easily done. Will it happen because it makes common sence ? To me the answer depends not on what the people are able to do, but what the state run government wants. Does China have any silver resources ? If so, then it will be illegal for non silver pictures to be taken. The government run silver mines will sell the silver to its population in the form of film. Its the "people's" silver, but they have to buy it from the government. Now also assume China has a strong military and economic presents in that part of the world, and they pressure other "weaker" countries to ban non silver based camera. Crazy, but possible. And if it did happen, with a big population in China all having enough money to buy a camera, and all wanting to, and its has to be silved film, then shortage of silver will happen. And the experts who predicted the opposite will have to add this new element of "doesn't make sence" to their equations. Doug